Senate Set To Hear Proposals For Housing Finance Future

The Senate Banking Committee will hear proposals March 29 for replacing Fannie Mae and

Freddie Mac in a new housing finance system.

In February, the Treasury Department proposed winding down the government‐sponsored

enterprises and gave Congress three possible options for what could replace them.

Following the report, Treasury Secretary Timothy Geithner urged Congress to pass

legislation within the next two years. And both chambers have started the reform process.

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